A quote from the linked Guardian article, from Helen Clark, former PM pf New Zealand, and a current chair of the UN Development Group:

The panellists were scathing about politicians, Wallis describing them as people who held up wet fingers “to see which way the money is
blowing in from.”

I don't really know how to take that coming from a woman who was a politician in NZ from 1975 until 2008... and I don't know much about NZ politics,
so I won't wager a guess. Would be interesting to hear from any NZ ATS members on that...

The gist of the article is that global inequality is rapidly moving to the top of the agenda at the World Economic Forum, and love that organization
or hate it, they do have a pulse on large cultural phenomena that have economic impact.

Yeah, that makes total sense, buying items during a global collapse from a website that specializes in products that need to be sold at a discount
because they did not sell out the first time they were issued.

Dude. Those that have will totally be flocking to overstock looking for that pair of pants and a new bookshelf when that day comes. They'll be all
like "well I didn't buy this before today but now....now seems like a good time. Not sure how they'll be delivered to me, but today seems like a day
to buy some steeply discounted pants."

originally posted by: mazzroth
Nothing is going to happen, for those who are new to this "Doom" game its all about money. Sew fear of a systemic collapse and sell products to those
who buy into the hoax. There is no collapse and never will be, there may be times of upheaval but it will never eventuate into total collapse as the
"Powers that be" wish to hang onto their power.

I have been following this "Doom Porn" since 85 when the "Nostradamus End of the World" in 1989 was going around, soon as the date expires the hoaxers
have already set up the fall back date so they can push that one and then the next and so on.

Repeat this is all about selling products to those who fall for the scam.

"Never will be..."

That's a staatement made by someone who did not feel the reality of the Great Depression. Or was that a hoax too?

I don't plan to survive a collapse and/or calamity. It is a much cheaper alternative to spending all that money on food, bunkers, medicines etc. Plus,
I don't have to worry about it as I already know what will happen in that situation.

Ditto that. The rich can hide in their bunkers. I would rather be one of the lucky ones to parish instead of living in a hole for months and than
emerging to a scorched earth or a life of anarchy. Their money and gold will be worthless because the system will be broken.

Seems simple on the face of it, Mormons store/squirrel by default, presumably in the White Mountains tunnelling, though I'm not so sure that the
excavations are all that big overall, but it does house the database of names of "Everybody that ever lived"....Well, that is the intention, to save
their souls, dead or alive. This looks to me like an extension of the Meme.

a reply to: DelMarvel
Of course there are people out there looking to make a profit on a crisis. It is up to the individual to be responsible enough to do the research and
figure out a plan for the day the crisis comes along.
Again, a "financial crisis" does not automatically translate to the end of the world as we know it. Being prepared is what will get you through the
crisis. If there are enough folks who are prepared the crisis never turns into the Apocalypse.

Bear in mind, Overstock was one of, if not the first, large retailer to embrace BitCoin. It seems like there may be an existing bias or predisposition
for "fringe" thinking, if not manipulation of the BitCoin currency, by grandstanding on yesterday's news.

Didn't know before today that in Utah, banks that are members of the UPMA do offer gold and silver-backed accounts. People mail or drop off a gold
dollar coin at the bank and get $50.00 of value in their account. Can get a debit card against that account. The UPMA also has an arrangement with a
metals refiner, and will take gold and silver objects (tea services, jewelry, etc), have the metal refined and credit your account with the value
based on the spot price of that metal on that business day.

Pair that with the food supply Overstock has gathered for their employee base. they should weather better than many.

The tenets of the Mormon faith apparently dictate preparedness, which is why Utah is a "special arrangement" where they can offer commodity-backed
accounts (as long as we're talking Gold-dollars, Silver-dollars, or Platinum dollars.

Not the point I am making. If the world just went to hell why would anyone go to a website specializes in discount products, purchase items and then
expect them to show up at some preordained time? Somehow Overstock and the infrastructure they use to distribute their wares are going to be
unaffected by the same calamity which impacted everyone else?

originally posted by: CantStandIt
Didn't know before today that in Utah, banks that are members of the UPMA do offer gold and silver-backed accounts. People mail or drop off a gold
dollar coin at the bank and get $50.00 of value in their account.

And in a global calamity where currency is no longer able to purchase necessities what good is gold? What is your gold actually worth at that point?

originally posted by: CantStandIt
Didn't know before today that in Utah, banks that are members of the UPMA do offer gold and silver-backed accounts. People mail or drop off a gold
dollar coin at the bank and get $50.00 of value in their account.

And in a global calamity where currency is no longer able to purchase necessities what good is gold? What is your gold actually worth at that
point?

Cause fools will think it's equity and will believe that all will bounce back and they will be the front runners of wealth.

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